US initial jobless claims 252K vs 214K estimate

The weekly initial jobless claims

  • Initial jobless claims 252K versus 21K estimate
  • 4 week moving average 224K versus 217.75K
  • Continuing claims 1.667M  versus 1678K estimate. Prior month revised higher to 1698K from 1693K
  • 4 week moving average 1676K versus 1682.25K

Athough a shock, seasonality’s are likely in play. It will take a few weeks to work its way out and maybe even to the new year.


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